Indigo Paints Ltd, incorporated in 2000, specializes in the manufacture and sale of decorative paints. The company operates five manufacturing units with an installed capacity of 1,10,000 KLPA and 1,38,000 MTPA.
Indigo Paints Ltd was listed on the stock exchange on February 2, 2021, with an issue price of ₹1,490. The stock was initially listed at ₹2,596. The Qualified Institutional Buyers (QIB) portion was subscribed 189.57 times. This indicates a strong demand from institutional investors during the IPO.
Despite experiencing a three-year downtrend, the stock is currently trading at ₹1,520. Technically, the charts are showing signs of a potential reversal, making it a stock to keep on the radar.
Indigo Paints: Wall Paint & Waterproofing Solutions
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